the type of loan in which the borrower uses his home as collateral. The loan is often used to finance large expenses, such as house repairs, medical bills, or higher education.

Refund Anticipation Loan

short-term consumer loans. The loan term is usually from two to three weeks.

Pawnbroker Loans

loans secured by personal property.

Auto Loans

loans secured by vehicle.

Mortgage Loans

loans secured by real estate.

Signature Loans

the type of personal loan offered by banks and other financial companies which only use the borrower’s signature as a guarantee of debt repayment. The lender just looks at the credit history and the availability of a source of income when deciding to give a loan.